Corporate Cash Floods Al Wynn's Coffers

by: Matt Stoller

Sun Feb 10, 2008 at 02:28

This 48 hour report of Wynn's most recent donors is stunning.  In the last two days, more than $100k has come in to his campaign, and apparently the right-wing National Assocation of Realtors has substantially upped their independent buy.  

Here's a list of who has given to him in the last 48 hours:

Foundation Coal, Verizon, Society of Independent Gasoline Markets, Reliant Energy, Allegheny Energy, American Electric Power, American Healthcare Association, BankAmerica Corporation, Cisco Systems, Coventry Health Care, Dell Inc, Dominion PAC, Eastman Kodak, Gaylord Entertainment Co PAC, General Electric PAC, Genesis Healthcare Corporation, Healthcare Distribution Management Assocation, Hogan and Hartson PAC, Alliance of Automobile Manufacturers, Microsoft, Mirant, National Fisheries Institute (FISHPAC), National Association of Broadcasters, NODAK, Norfolk Southern, NORPAC, Pinnacle West Capital Corporation, US Chamber of Commerce

And just a few days before this $100k infusion, Wynn got a little more than $50k from the following folks.

Air Line Pilots Association, Comcast Corp. Political Action Committe, Con-way Inc, Federal National Mortgage Association PAC, GlaxoSmithKline, National Air Traffic Controllers Association, National Apartment Association PAC, Northrop Grumman, Online Lenders Alliance, Safeway

In addition, Bobby Rush, Eliot Engel, Bart Gordon, Steny Hoyer, and the Congressional Black Caucus PAC sent money to Al Wynn.

I have seen nothing like this since the waning days of the Lieberman/Lamont race, when the money just poured into Lieberman's coffers.  Clearly the business right is panicked and stuffing as much money as possible into Wynn's campaign.  I imagine this is going to be used for walking around money and a massive GOTV operation.

Wynn is also spreading the rumor that there's an official Obama/Wynn ticket.

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Matt Stoller :: Corporate Cash Floods Al Wynn's Coffers

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Can anyone clarify what "walking around money" means, precisely? (0.00 / 0)
I get the general concept, I think, but all of the ways I can think of to use it seem illegal.  Are there legal versions of "walking around money"?  Is it just the case that no one cares so these laws in a practical sense don't exist?  How was Lieberman's $300,000 in "petty cash" dispensed?  To whom and for what?

This is interesting in its own right, and because I've been trying to get a handle on how much illegality is built into our systems, so I'm like doubly or triply curious here.

Well, here's one of the legal examples (0.00 / 0)
After googling the phrase "walking around money" I found a lot of interesting shit, but here's a new one on me:  State Sen Darrell Jackson of SC, who I had actually heard about multiple times before this in news coverage of the SC race, also has a consulting firm, and our FIVE strongest candidates all sought to get an exclusive contract with that consulting firm, engaging in a bidding war that eventually ended with a $210,000 contract between Jackson's firm and Sen Clinton, and an endorsement of latter by former six days later.

The highest other reported offer was half that from Obama, although at least one candidate's team immediately offered to double Clinton's rate when told of the endorsement.  I'd assume that's Obama too, I don't know that Edwards or Biden could afford $420,000 for that.

Axelrod hired Sen Jackson in 2004 when he was Edwards' guy.

So, I guess now I know where some of the money I give to candidates goes.  I always used to despair that it probably went to TV ads and the bottom line of GE-NBC, but I guess there are worse ways than even that for it to be spent: it could be spent to buy State Senator / Megachurch Pastor / Consultant Darrell Jackson.


And of course, lord only knows how he spends it when he gets it.  It's a PR firm, but there's a lot of ways to buy good public relations...

[ Parent ]
we lose by wynning... (0.00 / 0)
More and more, I see political divisions in this country not so much along Democrat/Republican, or liberal/conservative lines, but rather as a desperate struggle between entrenched economic interests and we the people.  Donna Edwards and Howard Dean are two recent political figures who could be described as 'populists.' They are the sort who scare Washington and the business community because they threaten to empower the voters and create a bottoms-up political culture that can't be controlled by the moneyed interests.  The established political and economic players are scared shitless by the thought that real democracy might break out one of these days.

ick (0.00 / 0)
That's just disgusting.

By the way, am I the only person who can't get Fundrace to work? I get no results, no matter what search criteria I choose.

The truth about Saxby Chambliss

WOW thats quite a list of donors.... (0.00 / 0)
That is probably one of the worst donor lists that I've ever seen so far as being from corporate interest who run directly opposite public and consumer interests.

Please please let us get rid of this guy. I'd almost be willing to support the Republican over him should he win the primary, this way we could run a new Democrat next cycle and wouldn't have to worry about Wynn's incumbency.

End this war. Stop John McCain. Cindy McCain is filthy rich.

NONE of this would be necessary... (0.00 / 0)
  ...if Al Wynn had just acted like a Democrat to begin with.

 May he get destroyed.  

"We judge ourselves by our ideals; others by their actions. It is a great convenience." -- Howard Zinn

The whole corporatist (0.00 / 0)
Thing is a definitional line.  The Democratic Party has very dirty hands.  And, despite our fundamental principles, great numbers of Democrats are being dismissive of this threat to the idea that people, and not corporations, should be represented by our democracy.  The common excuse of "It takes money to run a campaign" is uttered patronizingly as if it were an immutable law of physics.  It is true that it takes money to run a campaign and it is also true that Hillary Clinton taking money from Rupert Murdoch is cynical and destructive of the core principles should separate us from Republicans.  It is this cynicism that has driven large numbers of good progressives from the party.  Perhaps it is true that it is easier for us to win elections without those progressives, though I think otherwise, but it is certainly true that their departure as meant a drifting, not just to the right, but also to a more pragmatist perspective that is not buoyed by principles.  Our two party system that has always lacked diversity now looks rather monoculture.  We are differentiated only by the ways in which we choose to subsidies the democracy devouring corporate blob.

not corporate panic (0.00 / 0)
its the Maryland dem machine (the house majority leader) calling in favors for his local boy. i bet if you check all of these folks also give to hoyer.


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